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Search Results 62 to 161 of about 543 (some duplicates have been removed)
MSNBC
Dec 30, 2012 5:00pm PST
a small deal on taxes before the fiscal cliff deadlines up, their next fight over the dead ceiling will be queued up and ready to go. whether or not we go over the fiscal cliff tomorrow night, a political stand-off over the debt ceiling is imminent. joining us sort through all of this current and future fiscal crises is ezra klein. at "the washington post" as well as columnist for bloomberg view. thanks for joining us. you addressed the issue of what happens next, i saw you on rachel's show friday. your theory are it's key to how the fiscal cliff plays out. explain. >> there's a significant difference of opinion in the political ramification of what happens if we go over and it comes down debt ceiling. if we go over the fiscal cliff they have all of the leverage because we'll go into the debt ceiling and it will be just like 2011 again. they'll say we're not going to raise the debt ceiling unless you cut entitlements, barack obama will say no and terrified of consequences of national default he'll say yes. so they'll get all of the entitlement cuts with no tax increases on the tabl
KRON
Dec 24, 2012 11:00pm PST
the fiscal cliff - but there could also be a 'dairy cliff'. sevening next year, you dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. return to index of stories... >> christmas might be a good time to see a new movie. elizabeth corridan has a preview of this week's new releases. >> quentin tarantino's leaslatest project takes people to the deep south with jimmie foxx on a dangerous mission with leonardo to cabriole. this also stars several jackson, and it is rated r. >> les miserables is set in paris with anne hathaway and hugh jackman ...and 21st century kids are left in charge with bette midler and billy crystal. it's the bay area's favorite way to ring in the new year. we'll be bringing you the best parties and fireworks on 'new year's live.' i'll be hosting along with gary radnich. kron 4's - new year's live. start
NBC
Dec 31, 2012 6:00pm EST
if america does go over the fiscal cliff. researchers estimate maryland will lose millions in federal funding next year, money already in the state budget. an october report also estimates 53,000 full and part- time jobs would be lost in 2013. the state would lose about $268 million in 2013 and more in 2014. one economist says to make up for the shortfall, the they would have to reallocate spending and make cuts. >> raise the threshold for any kind of aid. it will be a challenge for those making ends meet. >> middle-class family could also in up paying more taxes because of the alternative minimum tax rate. stay with us as we continue to monitor the final hours of negotiations on air and on line. we'll have all the late breaking coverage and also a special section on our website that explains the situation in greater detail. just had to wbaltv.com. >> it new regulations are on the way about access to guns for the mentally ill. we have advanced details tonight. jayne miller is live in the newsroom. >> the task force will recommend a step sure to generate a lot of debate, taking guns away from
FOX News
Dec 28, 2012 10:00am PST
is if you go over the fiscal cliff immediately, next year you start with a lot more option for how to deal with it, rather than just a discussion of income levels. a million-dollar threshold or $250,000 threshold speaker which is what we are all talking about. >> that's exactly right. the travesty has been the line drawn, $250,000 and john boehner working his way towards that in terms of tax cuts. but then not coming to an agreement. it left all of the other areas out there that we haven't dealt with. medicare and other big entitlements. we still don't know the outlines of dealing with discretionary spending. as you said, all those other parts have been like left as we focus on this one fight, a fairly small part of it. heather: thank you for joining us, we will see what happens two hours from now we want washington is on high alert as new photos suggest north korea may be preparing for a nuclear test. we will have the latest on this developing story. heather: and american hero remembered today. storm in norman, the man who led us to victory in the first gulf war. >> i have to tell you kno
CBS
Dec 28, 2012 7:00pm EST
next guest says once the fiscal cliff mess is resolved, there will be an explosion of mergers and acquisitions in 2013. he's robert profusek, chairman of the global m&a practice at jones day. so bob why you are so up beat about more mergers and being a acquisitions especially with everything going on with the fiscal cliff. >> it's a pessimistic time andthat is a cause for optimism in the merger market. m & a has been fantastic. 9 market has been okay. it's not been at the terrible but it's been good. it's been held back by the negativism that was focused on the eu and this year it's the fiscal cliff and the election and everything else. the conditions are there. we need more m. & a in this cup. >> you are saying they are notgoing to be the big blocks about atblocksblockbustermega deals but the small to medium companies why is that. >> to do a step out deal therehas to be animal instincts the sense that things are good. m & a needs to be done. growth is throw slow and one of the ways to rise is to buy. everything is good but we have been held back by the negativism by the fisca
CNBC
Dec 28, 2012 9:00am EST
the fiscal cliff. with only three days to go, our next guest says it's not falling over the cliff we should be worried about, it's how much the landing is going to hurt. brian mcginnis is the head of the campaign to fix the debt, president of the committee for responsible budget and joins us this morning from washington. maya, good morning. what do you mean by that? what are you trying to say when you talk about the landing hurting the most? >> well, the point is that the fiscal cliff is a deadline and it's an important deadline that's there to help us focus on getting a big debt deal. the sad state of play is that it appears they're not going to be successful in that. they're not going to be able to replace the cliff with a big, comprehensive debt deal that's big enough to help fix the fiscal challenges of the country. but what's even additionally troubling now is that we may actually go over the cliff. and the fact that we are going to, because of partisan fighting, and an unwillingness to tackle these challenges, do something that is really going to harm the economy and harm all of us. i
FOX
Dec 28, 2012 7:00am EST
's silly, we've been talking about this fiscal cliff, fiscal curve for years. and you know, next week is the deadline. but in reality, if they can get to no later than say january 10th or 11th, it's pretty easy to retroactively go back and say let's fix the payroll tax, let's do all these other things and not let it happen. the concern is that starting today the stock market really starts to take account of this and early into next week as the new year begins. the last few days it's been down. not a lot, but it's been down, and it's because people see washington isn't getting the job done. >> we've been getting comments on our facebook page from people who are outraged about this. does the white house, do they hear those comments, do they understand that people really look to them to lead on this issue and they feel like they're got getting that? >> they say they hear it. we picked up on some of the almost embarrassment yesterday from the lawmakers. these are senators primarily who aren't in leadership who have the liberty really to say that. but they're going to be here. we tallied
ABC
Dec 31, 2012 4:00am EST
her medication over the next several hours. >>> and to or other major story, the looming fiscal cliff. lawmakers worked through the night to try to reach an agreement. >> without a deal, taxes are set to go up for just about every american. tahman bradley joins usy washington with more on the stalemate. >> reporter: john and paula, good morning. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all week wednesday the hope of passing legislation to protect most people from massive tax hike. >> our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly. >> reporter: there was optimism over a deal over the weekend. that ended when harry reid said he could not present a counterproposal. mcconnell phoned for help. >> i placed a call to the vice president to see if he could help jump start the ne fwoesh united n
FOX Business
Dec 30, 2012 10:00pm EST
with legislation that either c really pass. and then we gover the fiscal cliff and i agree that it just kicks the can a little bit further. part of the problem is we have no leadership here. gerri: let's get rich edson back into this. my next question is, what happens next? do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspendi regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough vot for they have come up with something that can actually pass the hous and the senate. if that's the deal and they do reach some kd of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you consider that the house has a rule that a
MSNBC
Dec 30, 2012 1:00pm PST
to happen when it comes to the fiscal cliff. number one, we're going to see an agreement in the next 48 hours, in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they are going to block it, which will mean that middle class taxes do go up. i don't think they will want to do that politically, but they may end up doing it. >> that, of course, from our interview just moments ago with the president. i sat down with him yesterday at the white house. putting the onus squarely on congressional leaders to either do a comprehensive package now or a short-term solution to prevent middle class taxes from going up. joining me now, nbc news political director and chief white house correspondent chuck todd. nbc news special correspondent tom brokaw. the author of -- the "new york times" best selling boom book, "thomas jefferson: the art of power," jon meacham. and presidential historian and author of the lincoln biography "team of rivals" doris kearns goodwin. david br
MSNBC
Dec 30, 2012 9:00am PST
. i think that would pass. there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,00
FOX News
Dec 27, 2012 10:00am PST
of a truman era farm bill in the fiscal cliff. we will explain coming up next. greg: i love milk. also, politics and the lives of orphans. banning u.s. families from adopting russian children from and what it might mean for the future of parents everywhere who want to adopt children overseas really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. heather: welcome back. epa administrator lisa jackson up and down after four years on the job. her tenure has been marked by controversy. including a high-profile fight with republicans over the keystone pipeline. she is also accused of using a secret e-mail alias to conduct official business. in a statement, she gave no reason for her departure, but said that she would be ready for a new challenge
PBS
Dec 24, 2012 4:30pm PST
will celebrate new year's eve at work-- if not resolving the fiscal cliff, at least trying to avoid the blame. darren gersh, nbr, washington. >> susie: going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. if lawmakers fail to reach a deal before january 1, the cliff's across the board spending cuts and tax increases will impact how much money states get from the federal government. ruben ramirez reports from washington. >> reporter: we all know the numbers. failing to reach a deal by january 1 will result in $109 billion in automatic cuts to federal spending. and while that's a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way the federal government sp
PBS
Dec 24, 2012 7:00pm PST
the u.s. will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. discounters are expected to do better than luxury stores. but don't forget, it is the holidays, and christmas just wouldn't be the same without a few splurges. >> we kind of get in the spirit of shopping. we go, okay, okay one more, oh they'd really like that, he'd really like that-- and a little for myself, too. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the motley fool. tom hud
ABC
Dec 30, 2012 9:00am EST
and that will be the impetus and why both of us have some degree of optimism that we can avoid this fiscal cliff in the next 24 hours. >> we are just about out of time. i want the bottom line from both of you even if senators reid and mcconnell come to a deal. you're the top republican vote counter, will it pass an will it fly in the house? will this be done in time? >> if there is enough in the agreement for republicans to be able to support it and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house to support such a package and i think a lot of that depends upon whether president obama is willing to compromise this sort of fixation with raising taxes above anybody making more than $200,000 a year. >> reid and mccome are both very good leaders and vote counters. if they come to an agreement, they know that they will be able to carry a majority of each of their troops. the real question mark is the house. the house is a bit out of control. they are at reason we've had the p
FOX News
Dec 30, 2012 11:00am PST
and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. everybody agrees this is probably bad policy to have middle class americans taxes go up and this is what congress thinks is a good deal. >> chris: i'm not sure they think it is a good deal but a deal that avoids the worst of the fiscal cliff. senator bayh, obviously we don't know what is your sense? no filibuster in the senate. you heard what lindsey graham said and do republicans pass whatever it is that the senate agrees to? >> i think the odds are some what better than 50/50, chris, that we get a minimal deal in the senate. not one that solves our debt problem as you pointed out earlier and this is all just a prequel to going over this again around the first of march over the debt ceiling. the real
ABC
Dec 28, 2012 6:00pm PST
that lawmakers may not lead us over that fiscal cliff after all. coming up next, president obama draws a line in the sand. we'll explain his plan for averting a tax hike. >> thank you for calling. >> i team reveals why a state agency is too busy to take your calls. >>> a late afternoon meeting brings progress towards avoiding the fiscal cliff. tonight abc 7 news mark matthews has been looking into the cost governoring over the live cliff. >> remember, last year it? was part of a deal to end the debt ceiling crisis. congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the bill, as the president calls bare minimum isn't what many hoped for, pushing off until next year, larger pron l
ABC
Dec 29, 2012 8:00am PST
hosting uconn in women's hoops. i'm colin rush. have a great day everyone. >> katie: next the fiscal cliff-hanger, senators could vote on plan to save the country from the fiscal cliff on sunday but so far hopes have lawmakers striking deal haven't been met. and local high school band making history in the tournament of roses parade. >>> developing news out 6 moscow where a jetliner caught fire killing two people on board. twin engine jet went off the runway and broke apart and caught fire. news reports say about a dozen people were on board and several of them were seriously injured. it was a ministry spokesman that confirmed two people died. >>> in washington, senate a lot leaders are hoping to come up with a compromise they can send to the house tomorrow to avoid the fiscal cliff. lisa stark has the latest. >> there is nothing like a deadline to force action. the president met with congressional leaders for the first time in six weeks and then proclaimed himself modestly optimistic. >> they are watching what we are doing here. their patience is always thin. >> with the clock running out
CSPAN
Dec 30, 2012 7:00am EST
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
FOX Business
Dec 27, 2012 6:00pm EST
the debt ceiling in with the fiscal cliff. we have to get to next without a self-inflicted recession and take on the debt ceiling which a symptom of the national debt. if we can deal with the national debt, we can get a deal on the debt ceiling. but that is a lot of work. gerri: the war of words going on is not helping. harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise you? >> sadly it does not surprise me too much. the truth is this. there has to be a bargain struck and not a good way to bargain to demonize the people you'll be sitting at the table with. harry reid called a speaker john boehner a dictator. republicans have fought that, they are not innocent in this. timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. av
NBC
Dec 30, 2012 11:30pm EST
the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a hit. >> the 53,000 -- the 53,000 jobs is conservative, but other people believed it could be higher. >> a tax is designed to be paid by the rich. if we go over the fiscal cliff, many middle-class families will be paying the tax because maryland is a high income state overall. a lot of people here will be affected. ♪ >> the ravens get to play in the wildest week of the season, literally. >> it is the weekend. they have qualified for it. they are the healthiest since earlier in the season. mostly a game of back up from baltimore. first career touchdown. he is out of georgia tech. out of virginia tech, first touchdown of his career. no
FOX Business
Dec 25, 2012 12:00am EST
and safe and be loved. goodnight. fore this fiscal cliff thing happens. melissa francis is next. melissa: merry christmas eve, everyone. north american aerospace commander norad is currently tracking santa's progress. so far he has delivered within 2.3 billion gives. he has a way to go. my little guys are still waiting for their presence. captain, thank you for joining me. is there anything santa should look out for? >> not at all. we are looking very carefully. it looks like it will be smooth sailing for santa tonight. melissa: how is his progress so far? 2.3 billion is a lot of gifts. he has a lot of ground to cover. >> he is only about a third of the way through his journey. he is down in the and arctic area heading towards madagascar. it looks like he will be right over the eastern part of the united states at about 9:00 p.m. tonight. melissa: where has he been so far? >> so far, he has covered all of asia. he started off in the island and moved over to japan, russia, india, and is making his way up the east side of africa. melissa: you do not see any weather problems later tonight i
FOX News
Dec 27, 2012 12:00am PST
of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite
MSNBC
Dec 28, 2012 10:00am PST
the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all parties involved? joining me now is maggie haberman. thank you for bog the show. >> thanks
MSNBC
Dec 31, 2012 3:00am PST
it comes to the fiscal cliff. number one, we're going to see an agreement in the next 48 hours in which case middle-class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate, and republicans will have to decide if they're going to block it, which will mean that middle-class taxes do go up. i don't think they would want to do that mitticalpolitically, bu may end up doing it. if republicans do decide to block it and middle-class families' taxes do go up january 1st, we'll come back with a new congress january 4th. the first bill that will be introduced on the floor will be to cut taxes on middle-class families. i don't think the average person is going to say, gosh, you know, that's a really partisan agenda on the part of either the president or democrats in congress. i think people will say, that makes sense because that's what the economy needs right now. so one a or another, we'll get through this. do i wish that things were more orderly in washington and rational and people listen to the best arguments and compromised a
CNN
Dec 31, 2012 11:00am PST
, sanjay. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out.  >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is what you
CNBC
Dec 28, 2012 3:00pm EST
in that sector. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negoti
FOX
Dec 24, 2012 5:00pm PST
. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planning to be around that area, you might try to take another route. >>> move on to weather now. after yes
CNN
Dec 30, 2012 4:00pm PST
americans when it comes to the fiscal cliff stalemate. we'll hear what some of you had to say next. Ñe >>> let's face it, fiscal cliff has most people outraged. we asked for you to send in your thoughts on this matter, and boy did you ever do it. we opened up a can of worms when we did this. joining us from orlando, and we received lots of feedback from our eye reporters, terry, i want you to listen and get your reaction to one of them who holds nothing back, calling lawmakers spoiled brats. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la-la land and everyone's saying how you're acting like a bunch of spoiled brats who are more interested in being right than doing the right thing and actually representing the people who elected you. >> understand why she's upset, because most americans -- i don't know, do you think most americans have an idea of what all this fiscal cliff chatter means? >> oh, yes. oh, yes, don, i think people have a very, very good idea, and it's not just a selfish idea, eithe
FOX News
Dec 26, 2012 12:00pm PST
cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. from the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed henry is live in honolulu, hawaii. is this a sign the president sees progress in the talks?
MSNBC
Dec 30, 2012 11:00am PST
the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was, t
MSNBC
Dec 30, 2012 3:00pm PST
the fiscal cliff. they can see how damaging it is politically. they also are looking forward to the next fight about the debt ceiling, which is going to be even more damaging. so they always say it's the other guy who wants to go over the fiscal cliff. i don't hear people going out and saying i think it's a good idea that everyone pays more taxes or there are these deep spending cuts. they're all pretending like they know everyone else's strategy. it's about coming to a yes as opposed to agreeing to a no. that's where they don't want to take the heat. >> richard wolf, always good to see you, my friend. thanks. >> thanks, chris. >> the real victims of the fight will not necessarily be republicans or democrats, of course. it's going to be the american people. we talked to bernie sanders about those 2.1 million people on unemployment. we'll look at what going over the fiscal cliff will actually mean to you. our special coverage continues in just a moment. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart c
FOX Business
Dec 31, 2012 9:20am EST
regardless what happens today or over the next few days regarding the fiscal cliff. >> that's interesting. what would you be buying? i know you're a trading kind of guy, you're looking for dips, looking to buy on dips. >> right. >> what would you buy? >> well, there's nothing that i see that's attractive right now. i'm actually short the market and what i would like to see, to tell you the truth, a little rally caused by resolution of the fiscal cliff. there may be some stop gap measure, i think that the market will cling to that as a reason to stay the short-term rally and looking to sell stocks and short stocks into that rally. so i'm not really interested in buying some stocks right at this moment to tell you the truth. >> that's interesting. i just want to try to summarize for our general interest >> right. but you say it's not going to last. the underlying economic situation is bad, down we go on the stock market at some point, fairly soon. is that accurate? >> yeah, yeah, and i think you're seeing that in a lot of the stocks, in a lot of the underlying leadership that was leading ma
FOX News
Dec 31, 2012 4:00pm PST
to talk about the fiscal cliff, at least for the next four hours. lawmakers on capitol hill have been trying to strike a deal before the midnight deadline. another update is next. on "the fox report." [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history heart
CSPAN
Dec 29, 2012 7:00pm EST
his second term. he was elected to lead. we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed they will move forward with something. there is no guarantee that the republican leader and democratic leader will be able to put together an agreement. but they are now saying they will try to do it. they are working together and amy towards a vote sunday are monday. >> what is the scuttlebutt among the rank-and-file senators about whether or not they're going to be able to pull this off before the end of the weekend? >> it happened so late, and it w
CNN
Dec 31, 2012 1:00am PST
falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for just about everyone and big spending cuts. senator claire mccaskill says a make or brake deal comes down to a few lawmakers on topic of raising taxes for the wealthy. >> it remains to be scene whether the republicans being driven by a very extreme group of house members will allow our economy to pert because of their desire to protect multimillionaires in this country. that's what it's going to boil down to. >> any plan would need house speaker john baner to bring it to the floor for a vote. republican representative tom cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he had an awfully strong hand to play, if it's a deal john boehner can accept, it will be passed in a bipartisan manner with a very strong majority. if on the other hand he's neutral or not favorable, his chances will be a lot slimmer. >> lisa desjardins following the fiscal cliff negotiations on capitol hill. do you have any
FOX Business
Dec 29, 2012 11:00pm EST
for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax ra will jump to 23.8%. i talked to a lot of my frien and they say that's not a big dumb. what you say? >> it is a big jump. if you add state taxes on top of that, the united states will be up to 20%. our major trading partners, britain and europe and canada -- they are oly 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growthof economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed
MSNBC
Dec 29, 2012 1:00pm PST
-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate offi
MSNBC
Dec 31, 2012 11:00am PST
as we're headed in to this fiscal cliff. >> you can probably ask people this next thing off the street, to give examples of the dysfunction of this congress because so many of these have been high profile. >> well, sure. there's so many different things of the debate, the standoff and both sides took some hits for. the super-committee failure setting this in motion the first place. the near shutdown of the government in 2011 and the defeat of the disabilities treaty that was because of republicans not liking the united nations, anything with u.n. on it. that went down even with bob dole on the floor, you know, at the senate, coming back, hoping republicans help pass it and would not. >> last thing and quickly, do you have some arguing that, you know what? it's okay passing fewer bills. some argue smaller government and government not intruding in the lives of americans as much. >> no question about it. we have heard it of republicans and conservatives saying the government doesn't need to be doing more but less because it's doing too much, spending too much so the less it does, the bet
FOX Business
Dec 29, 2012 5:00am EST
to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? gerri: big tax hikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends and they say that
NBC
Dec 28, 2012 6:00pm EST
the status of the fiscal cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year
KOFY
Dec 26, 2012 9:00pm PST
increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and m
FOX News
Dec 23, 2012 11:00pm PST
in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do somethin
FOX News
Dec 29, 2012 3:00pm PST
next. we'll have much more on the fiscal cliff talks as they continue. also much more on the status of president george h.w. bush. >> kelly: we're glad he is doing better and out of intensive care. we'll continue to follow his story and make sure he's doing well. we'll have that and more. >> heather: anna kooiman live in times square as we prepare for, as we were talking about, new year's eve. harris faulkner up next. see you ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes!
CBS
Dec 26, 2012 6:00pm PST
because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the inheritance cast could shoot up to 50% if we go over the cliff. and not to mention the stock market, we all know that investors do not like uncertainty. so really hitting us from all sides. >> it's like we have one foot over the cliff already. >>> did you give thought to the "fiscal cliff" when doing your christmas shopping? many americans did because cbs 5 reporter mike sugerman tells us retail numbers weren't good. >> reporter: i'm at union square which is mobbed. it's swinging. i spent the day here and it didn't get active until a couple of hours ago and as i look around, i don't see a lot of people with bags. i'm not sure they're shopping. but the retail
CBS
Dec 31, 2012 6:00am EST
the next few days the words fiscal cliff, you are not going to be able to avoid them. whether or not you think congress can pull off some sort of a compromise, one thing you need to be prepared for. for many of you, your paycheck will go down in the new year and here's why. the payroll tax was cut by 2 percentage points over the last two years. experts are saying that tax holiday is coming to an end. the center on policy and budget priorities says it is about $100 billion. goldman sachs says ending the tax holiday would shave percentage points off economic growth next year, not predicted that strong anyway. let's say you make $50,000 a year. that works out to be $20 a week. if you add it up, it comes out to be a thousand dollars less that you are taking home in 2013. >> and that is just the beginning. >> that is not even the tax increases we are looking at. this is just what is taken out of your paycheck. >> we are going to keep looking for it and have the answers for you, coming up >>> rg iii and the redskins are nfc east champs, heading to the playoffs. >> that's right. coming up dave
KOFY
Dec 28, 2012 9:00pm PST
not their daughter. >> just ahead tonight. new hope lawmakers may not lead us over the fiscal cliff after all. come up next president obama draws new line in the sand. his plan for avoiding new year tax hike. >> luxury holiday cruise nightmare. not just happening on 1 ship nightmare. >> stern censorship changes over sea. one country insist all i know net users must do all i know net users must do before logging on. stay with >> late afternoon meeting at the white house brings some progress toward avoiding the fiscal cliff which is coming very soon. just a couple of days. tonight the president called the meeting constructiv constructive. mark matthews has look at the cost of going over the fiscal cliff if we do. >> president is optimistic but if deal can't be reached this weekend he will tell senate leader reid tiny introduce a fall back bill. >> bill on the floor that make sure that taxes on middle class family don't go up. that unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the
FOX Business
Dec 27, 2012 4:00pm EST
rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering the swings we saw in just today's trading day alo
KBCW
Dec 28, 2012 10:00pm PST
to grow more next year barring any detours becaused by the fiscal cliff. >>> newcomers who wish they were will get a chance. vintage license plates will be on sale. don ford has the latest. >> reporter: california is clearly the car capital of the country and if you crave the classics, the department of motor vehicles has a deal for you. starting this january 1, for 50 extra dollars, you can order a vintage looking license plate for your car. brad owns my hot cars. a classic muscle car showroom in livermore. >> you you can have it on anyway according to the way the law reads. you can visit on your prius, you can have it on your new camaro. >> reporter: originally, vintage plates meant your car was born and raised in california. especially with collector cars. >> previously, to this new law, the black and yellow plates gave it a 10% increase in value because that unique california heritage. >> reporter: craig is a retired judge and car collector from southern california. he says the state needs the money. how do you judge that? >> how do i judge that? i would say we are raising revenue. we
CNN
Dec 29, 2012 5:00am PST
. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r. harry reid said he is going to c
FOX
Dec 31, 2012 2:00am PST
, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avo
FOX
Dec 30, 2012 9:00am EST
. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real question is in the house of
FOX
Dec 29, 2012 7:00am PST
of the so-called fiscal cliff, but how about the dairy cliff? milk prices could double next year because a national farm bill expires on january 1st. if lawmakers do not extend that bill it, reverts to 1949 law when the government and not the market controlled prices. because of antiquated formulas used to set the price, a gallon of milk which now costs close to $4 in most places could jump to 6 or possibly even $8. >> it's the most important ingredient we use. if prices go up, it definitely affects our business. we're definitely concerned and we keep our eyes on the market. >> but some experts are downplaying the dairy cliff, saying the agriculture department will stall until congress moves to keep prices down. the farm bill provides disaster relief for farmers. >>> gay couples are now allowed to marry in the state of maine. [ applause ] >> this is video of the first gay couple to wed in portland, main. the two exchanged vows in the city clerk's office just after midnight when the new law took effect. voters in maine, washington state, and maryland approved gay marriage in november. gay
CNN
Dec 28, 2012 8:00pm PST
of their facilities. >> thank you, barbara starr at the pentagon. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i
CNN
Dec 28, 2012 11:00pm PST
" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even
MSNBC
Dec 27, 2012 10:00am PST
. whether those lines are used repeatedly over the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly o'donnell is live on capitol hill. kelly, i want to start with you. senator scott brown just tweeted out to all his followers that he was getting on a plane heading to washington. the president has apparently sent over a new deal to the senate. what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if th
CSPAN
Dec 27, 2012 7:00am EST
% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. very not the hamptons or expensive homes in beverly hills. many homes are scattered in the midwest. host: our first c
CBS
Dec 28, 2012 5:00pm PST
more next year barring any detours caused by a "fiscal cliff." joe vazquez cbs 5. >> must be nice. >>> new year new laws and new protections for consumers. cbs 5 consumerwatch reporter julie watts explains how car buyers and homeowners are going to benefit in 2013. >>> reporter: from for profit education -- >> all my money my future is gone. >> reporter: -- to faulty foreclosures. >> for me they happen pretty quickly. >> reporter: and deceptive car dealers. >> , it's an in-house financing that he have. >> reporter: the consumer problems we resolved this year have run the gamut. but next year, a series of new laws may help prevent them altogether. first up buy here pay here. used car dealer financing for low income drivers. one in four of those drivers ends up with a repossessed car. >> it's leaking oil. >> reporter: borrowers like gentry ramos complain of inflated prices, unfair payment stipulations and sub cars with no warranty. now they are required to have warranty. dealers must show proof of fair market value and they can't make buyers pay each month in person. >> i go to the
CNN
Dec 30, 2012 7:00pm PST
on the fiscal cliff. one of the big questions is, what will happen next? editor at large for fortune magazine, he joins us from new york right now. you have followed most of the major economic stories for more than 20 years now. >> i'm not trying to make you seem old. sometimes i do, when i say how long i've been doing this. is this the first time you've seen something go this close to the wire? >> i think so, don. and what's really troubling about the debate is really missed by a lot of commentators, this is really a spending issue. we understand that even if taxes go up on individuals making over 200,000 and families making over 250, it only plugs about 8% of the deficit problem over the next ten years, we have a $1.3 trillion deficit for 2012. it's going to be about a trillion through 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, the government is borrowing very short term to keep its costs down. the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going
CSPAN
Dec 28, 2012 7:00am EST
next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: for all this talk of pessimism and optimism, the only people that know are the five principles in that room and i think that is important. they are all seasoned negotiators. they went to the debt ceiling stuff a year and a half ago. i think there will
KBCW
Dec 27, 2012 10:00pm PST
. >> some hope for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides
CSPAN
Dec 26, 2012 8:00pm EST
cliff and their plans for the next year. we will continue with the forecast for the housing market with the chief economist with the national association of realtors. fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson commission. -- bowles-simpson commission. this is 30 years. fulle're talking in a week o of farewell speeches. what is that like? >> it has been great. i have that going away party the night before. a lot of my colleagues were there. then the farewell speech in which i had a chance to reflect on my service here but also to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order and i laid out the specifics on
FOX Business
Dec 28, 2012 3:00pm EST
for a couple weeks. the weeks before the election, everybody talked about the fiscal cliff, and until they really put this deal together fully and for the long term, it's the same thing going out into the next year. ashley: it's interesting. what if nothing is done? what reaction do you expect there, bobby? >> if nothing's done, i think we'll have the reaction like we have now. i don't know if they'll be able to have an announcement before sttcks close at four o'clock, but everybody is sitting with hands tied behind the back for any news. ashley: dan at the cme. dan, i want to talk gold. it's interesting, gold down eight or nine bucks on the day, and you think it's a safe haven play, but is it the profit takers trying to get ahead of higher tax rates to pay? >> it's possible, but i believe people think there's no grand bargain here. if they come to grips with a plan, the plan they talked about is tax rates. obviously, that's good, a nice headline, but that doesn't stop the sequestering io themes in play. if they are in play, that's deflationary, and that's why commodities are challeng
CNN
Dec 30, 2012 7:00am PST
of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of history for better and some for worse. july 1776, the founding fathers decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolf hitler's decision to invade the soviet union. august 1945, president truman's decision to use an atomic bomb against japan. tonight, we'll examine the process of making a tough decision. we'll hear about major decisions on an international stage, about corporate decisions and personal ones. from taking down the most wanted man in the world -- >> the president turned to us and said, i made my decision. we'll go with the raid. write up the orders. >> to giving u
MSNBC
Dec 30, 2012 12:00pm PST
:00 p.m. eastern for the very latest on the fiscal cliff negotiations and possibly votes. up next, "meet the press," david gregory's exclusive interview with president obama. we'll keep you updated throughout the hour on any elements when it comes to the deal-making on capitol hill. ve a cold, announcer ] alka-selr plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook.
CNN
Dec 26, 2012 8:00pm PST
of snow on the ground in the lower 48 than last year. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. with two times the points on dining in restaurants,? you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new
CNN
Dec 29, 2012 3:00am PST
to shell out more in taxes next year if we go over the fiscal cliff? 66%? 88%, or everybody? the answer is next. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to hel
MSNBC
Dec 27, 2012 6:00am PST
any special election for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the f
FOX Business
Dec 28, 2012 5:00pm EST
. >> thank you, you too, adam. adam: the u.s. auto industry hit high gear this year in 2012. the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or ur
FOX News
Dec 30, 2012 3:00pm PST
this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending someplace else to pay for this disaster, do we hope to be able to balance our budget and fix our spending diffi
CNBC
Dec 27, 2012 4:00am EST
on the fiscal cliff? doubt it, but we'll see next. >>> welcome back to "worldwide exchange." i'm kelly evans. ross westgate is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on the deal to avoid the fiscal cliff while the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government vows to battle deflation and weaken the currency. export stocks rise pushing the nikkei towards it's strongest gain in seven years. and toyota moves higher after the car dealer settles a class action lawsuit. analysts say the $1 billion payment is already priced in. >> it was a pretty quiet trading session in the u.s. yesterday. retail stocks were one of the market's worst performers. we were just discussing the outlook for holiday sales coming in weaker than first expect. today, trying to cover some of those losses. similar small gains seen for the s&p. the nasdaq was a little lower the last time we checked in. roughly flat now.
MSNBC
Dec 28, 2012 2:00pm PST
in this is the first battle. they want to win the war. they don't want to get totally bruced in this fiscal cliff situation. they're willing to buckle a little bit on rates right now but ultimately when they talk about the debt ceiling, they think they can some other things they can attack 37. >> sam, is the obama white house this good? is this divide and conquer? >> well, first of all, no, they're not that good. and, you know, it's ironic because had boehner taken that last offer that obama gave him, one that would have changed the benefit structure for social security, it would have ended up fracturing the democratic base in some respects. a lot of progressives were upset the white house was even going there. they thought he didn't need to make that concession. a lot of this is the house republicans' own fault they're in in corner. they could have taken a deal, could have take an deal in the summer of 2011 which would have been more favorable to them. they didn't do either. >> if obama is coming out and from what we're hearing he's not making a real offer. he's coming out with $250,000 staying
CNBC
Dec 27, 2012 9:00am EST
on the fiscal cliff some time in the next four days and 14 hours. that's coming up at 11 a.m. "squawk on the street" will be right back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> second day in a row retailers led the losers list. simon who can is here with what is coming up at 10. >> we will talk about where the markets are going to go from here, fiscal cliff, positioning for 2013 and kim co-on the program, one of the biggest owners of american malls. how are they faring as america spikes again? apple, a four-year low, they are experime experiments, carl, as you mentioned with curved glass. >> simon, looking forward to see you. >>> chicago drive mayors ring in the new year with reluctant, starting in january, they will be shelling out more for downtown parking meters than drivers in any other city across the country. the cost to park at a metered spot will rise to $6.50 a hour, double what drivers paid in 2008. so
FOX News
Dec 28, 2012 12:00pm PST
. five days in a row doing into the fiscal cliff and the dow stands to really get rocked again next week. >> you see, what's important here is the lack of clarity coming out of washington, d.c. really affects the marketplace in a negative way. like you just mentioned, before our eyes over the holiday vacation, market's down 100 points today. the volatility and swings in the marketplace are very big when there's uncertainty out of d.c. with respect to the fiscal cliffwhen the debt ceiling. they're real issues that need to be addressed in short order. >> you tend to think the media hypes up these things. the fiscal cliff, maybe we're making too much of it. you're not in that court. >> i'm not in that court. i think this is a significant piece of legislation the united states wants to see the balance sheet and income statement of the u.s. be taken care of in short order. otherwise, we also risk a credit rating downgrade. if we can't take control of our revenues that come in and spending that goes out, people will lose can confidence and faith. >> confidence is a big word. kyle harrington, g
CNN
Dec 29, 2012 4:00am PST
of fiscal-cliff type episodes. another debt ceiling debate coming up early part of next year, as well. >> yes, we do. >> i hope we can get leadership. >> okay, thanks, dylan glenn, thanks so much. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want
ABC
Dec 31, 2012 12:00pm EST
optimistic. >> hopefully, they will figure it out next year. we have options if we go over the fiscal cliff. >> mitch mcconnell and senate democrats hit a stalemate on the weekend and he met twice today with the vice-president. >> i am willing to get this done, but i need a dance partner. >> the deal is tenuous and needs to get through a republican- controlled house as a countdown of a different kind chris closer, that is set to trigger a broad tax increases and drastic cuts. our top priority has to be to make sure taxes on middle-class families don't go up. that would hurt our economy badly. >> this afternoon it appears we are very close to a deal. if not, an average american family will start the new year with a $3,400 tax hike. here's hoping there's a reason to raise your glass in a post tonight and a sigh of relief. john gonzalez, abc 7 news. >> you can get the latest on efforts to reach a fiscal cliff steel throughout the day. wjla.com. we will have full coverage at 5:00. happening right now, developing news out of new york. secretary of state hillary clinton is in the hospital this a
NBC
Dec 30, 2012 2:30am EST
. happy new year. welcome to the ""wall street journal" report. the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked in
CBS
Dec 31, 2012 5:00am EST
the next few days the words fiscal cliff will be pretty much unavoidable. there is one thing you need to be prepared for, for many of you, your paycheck will go down in the new year. and here's why. the payroll tax cut was cut by two percentage points over the last two years to give the economy a little bit of a nudge. experts say that tax holiday is come to an end and the small tax break adds up over the course of a year. the center on budget policy says it is about $100 billion that will come out of our paychecks collectively and go to the tax man. goldman sachs said it would shave off the economic growth and here is the impact on you. let's say you make $50,000 a year. that works out to be about $20 a week according to the urban tax policy center. 20 bucks doesn't feel like much, but if you do the math, it adds up to about a thousand dollars less that you are going to be taking home in your paycheck. and that hurts. >> and your bills are going up. 5:37. if you forgot to make new year's eve plans, we have a couple of ideas for you later this hour. >> plus if you want to see a 150-ye
FOX
Dec 29, 2012 10:00pm EST
're in the final stretch of the looming fiscal cliff and looking ahead to lawmakers returning to capitol hill tomorrow. that is next on the edge.  . >>> what are you doing new year's eve? about a million people will be packed to ring in 2013. he's more on how they're getting ready. >> reporter: already decorated for the holidays, pressed for the world's biggest new year's party are underway in the big apple earlier today, time square alliance officials tested the confetti that will fall after midnight, throwing it out a window on to unsuspecting people on the streets and they will watch the ball drop monday night. the 2013 sign is situated on top of one-time square. it's seven feet tall. after four decades of dick clark helping america ring in the new year, 2013 will be the first celebration following his death. a special with his name and grades on it will be in the ball this year. we spoke with his fe
ABC
Dec 24, 2012 6:30am EST
the fiscal cliff other legislative matters are going unattend one is the agriculture bill which if not addressed could lead to a doubling of the price of milk early next year. >>> and gas prices have fallen nearly 12 cents over the last two weeks. the average cost of a gallon of regular gasoline is 3.26. that is the good news at the pump. it's unlikely that it will continue. higher crude oil prices are translating into higher whole sale gasoline prices so expect the prices to jump 5 or even 10 cents coming soon. >>> yes, there is no place like home for the holidays. no doubt about it. but the weather is not making it easy for people to get there. look at this. heavy snow, torrential rains delayed so many people. millions of travelers have been stranded. the roads are practically impossible to navigate. in some parts of the western united states. >> road are pretty bad. a lot -- roads are pretty bad. there's a lot of spinouts further east. there's going to be chain control for the next two days or least going into christmas. >> and swimming might bt best way to traveling if you -
CNN
Dec 28, 2012 4:00am PST
. >>> a high level meeting to find a fiscal cliff deal. our next guest says the whole thing is going nuclear. we'll talk to ken rogoff on the economy. >>> plus amazing terrifying video when a 33-ton shark tank explodes. you do not want to be near the shark, who would be pretty annoyed. we'll show you the rest of this when we come back. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! welcome back to "starting point." >> good morning, everybody. it's a fight between world powers with agonized parents and children caught right in the middle. russian president vladimir putin signed a bill that bans u.s. families from adopting russian orphans thought to be payback for a u.s. law that attackles human rights abuses in russia. moscow says too many orphans have been abused by their ame
FOX News
Dec 29, 2012 1:00am PST
. thanks at lot. next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. >> greg: continuing with top story tonight. with days to go. both parties want it to go over the fiscal cliff in order to save face politically and strike a deal next month. will that be too late? alex stewart a republican stat gist and here in studio my favorite juan, juan williams a fox news contributor. aren't the consequences of going off the fiscal cliff all that's miss something vegan lunches. you must be giddy about going over the cliff. not me i don't want to go over the cliff. i think, you know what? i have investments. i work for a living. guess what? it would be absolutely traumatic for the global economy and recession not in the midst of a strong recovery. it's pretty weak. i don't think it's good news for anybody. this is something that the press doesn't pay attention to, greg. i think if ob
MSNBC
Dec 31, 2012 1:00pm PST
for watching. more live coverage on the fiscal cliff crisis is coming up next.
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